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The Latest Breaking News from Tax Cuts

5 Ways the Second Trump Term Could Affect Your Finances

Income tax cuts are likely to be extended, but electric vehicle tax credits could disappear.

Kiplinger

Gifting Earlier Rather Than Later Can Reap Big Tax Benefits

Even with Donald Trump's win, the future of the Tax Cuts and Jobs Act remains uncertain, so here's how to make the most of its provisions while you still can.

Kiplinger

Food stamps, environmental safeguards and denying Ozempic: The ways Republicans could pay for Trump’s tax cuts

Incoming administration is expected to cut federal spending to federal programs they don’t prioritize like environmental regulations

The Independent UK

From analysis to the latest developments in health,
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Republican-run states see opportunity to push extreme policies under Trump

Emboldened red states could advocate for rightwing reforms from steep tax cuts to slashes to education

The Guardian - US

Global Markets Rode AI, Interest Rate Roller Coaster In 2024

Despite political upheavals, stock markets and bitcoin smashed records in 2024, fuelled by investor enthusiasm for AI, falling interest rates, and hopes of tax cuts.

International Business Times

Italy’s far-right government wins final approval for its €30bn budget

Italy’s parliament has approved the government’s 2025 budget, worth a total of 30 billion euros — more than half of that in tax cuts and social security benefits for low-income citizens

The Independent UK

Top Tax Stories of 2024 and Key Changes to Watch for 2025

The Kiplinger tax team is looking back at popular tax stories and looking ahead to potential tax changes in the new year.

Kiplinger

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An analyst looks ahead to how the US economy might fare under Trump

President-elect Donald Trump won a return to the White House in part by promising big changes in economic policy — more tax cuts, huge tariffs on imports, mass deportations of immigrants working in the United States illegally

The Independent UK

President Biden Signs Compromise Funding Bill To Avoid Government Shutdown

President Biden signs a stopgap funding bill, prioritizing essential funding and stability in government operations. Avoids expedited tax cuts for billiona...

Top News

Trump’s 2017 tax cuts expire soon − study shows they made income inequality worse and especially hurt Black Americans

The Tax Cuts and Jobs Act, a set of tax cuts Donald Trump signed into law during his first term as president, will expire on Dec. 31, 2024. As Trump and Republicans prepare to negotiate new tax cuts in 2025, it’s worth gleaning lessons from the president-elect’s first set of…

The Conversation

Keeping These Tax Cuts Is a Bad, Expensive Idea

Everyone loves lower taxes, but cutting them without reducing spending is bad news for the national debt.

Reason

End of Trump tax cuts would see 62% pay more—how Congress may respond

From lower federal rates to the cap on state and local property tax deductions, there is much at stake.

Fortune

A Taxpocalypse of Rising Rates Is Coming For Americans if Congress Doesn't Act

Here's how expiring tax cuts could affect you.

Reason

Trump and his GOP friends focus on tax breaks and deportations in his first 100 days

In preparation for Trump’s return, Republicans in Congress have been meeting privately for months and with the president-elect to go over proposals to extend and enhance tax breaks

The Independent UK

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news in one place.

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Top News

GOP Plans Ambitious 100-Day Agenda With Tax Cuts

Republicans plan to renew trillion in expiring tax cuts, focusing on benefits for higher-income households and proposing spending cuts on programs like ...

Benzinga

How Have Markets Reacted To Past US Tariff Hikes? Insights As Trump's Trade Threats Spurs Global Jitters

History shows that higher tariffs have been painful for the stock markets to digest, but President-elect Donald Trump's stand on increasing the tariffs seems undeterred, while some analysts call it a negotiating tool, others think that combining it with tax cuts could be good for the economy.

International Business Times

Trump And Musk Take Surprise Turn In Mission To Slash Government Spending

The switch to a more austere approach is contrary to Trump's first term when his tax cuts inflated the budget

Kiplinger

Could Millions of Taxpayers Be Facing the AMT (Alternative Minimum Tax) in 2025?

Millions of taxpayers could owe the AMT if Congress allows the tax breaks de-fanged in the 2017 Tax Cuts and Jobs Act to expire.

Get all your
news in one place.

100's of premium titles.
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Benzinga

EXCLUSIVE: Small Caps Hit Records As Expert Says Russell 2000 'Still Very Discounted' Compared To S&P 500

Small cap stocks poised for growth in 2025, driven by recovering earnings, tax cuts, and valuations, according to investment analyst Brian Manby. Regional banks also expected to benefit. Small caps remain undervalued compared to large caps.

Kiplinger

Trump's First Year and Your Retirement: 8 Changes to Your 401(k) and Nest Egg

From investment returns to Social Security, Trump's first year has changed your retirement. Here's what to expect in 2026.

Top News

Scott Bessent: Trump's Treasury Pick With Diverse Background

Scott Bessent, Trump's treasury secretary pick, advocates for deficit reduction, tax cuts, and tariffs as sanctions.

Top News

Louisiana Legislature Passes Tax Cuts And Sales Tax Increase

Louisiana legislature approved tax cuts to attract businesses, sparking debates on economic impact.

International Business Times

Trump Names Hedge Fund Manager Scott Bessent As Treasury Chief

US President-elect Donald Trump on Friday named billionaire Scott Bessent as his Treasury secretary, choosing the hedge fund manager to help execute an agenda promising tax cuts and tariffs.

The Independent UK

Louisiana lawmakers pass income and corporate tax cuts, raising statewide sales tax to pay for it

Louisiana’s GOP-dominated legislature passed tax cuts on personal and corporate income on Friday in exchange for a statewide sales tax increase, a mixed bag of success for Gov. Jeff Landry, whose original tax revision plans faced resistance from lawmakers and lobbyists amid hard fiscal realities

Top News

Incoming Treasury Secretary Faces Complex Economic Challenges

The incoming Treasury secretary faces critical tasks like managing debt ceiling, tax cuts, and Trump's economic plans.

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